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Factory Overhead Required: 1. Compute the factory overhead rate used in the Sewing and Cutting department during the year. 2. Compute the total factory overhead cost applied to job 101. 3. What would be the total cost of job 101? If the job contained 100 units, what would be the unit cost of the job 101? 4. How much is the over or under-applied factory overhead in each department at the end of the year. Problem 6 Factory Overhead Rate The flexible budget of Cardo Corp. in different levels of direct labor hours. Direct labor hours 20,000 30,000 40,000 60 000 80,000each dep Problem 5 Predetermined Factory Overhead Aileen Co. makes shirts that it sells to retailers. The company uses a job ord, costing system in which predetermined overhead rates are used to apply factor overhead cost to jobs. The predetermined rate in the Sewing department based on machine hours and in Cutting department is cost. The following estimates are made at the beginning of the year: t is based on direct labor Sewing Cutting Direct labor hours 24,000 Machine hours 140,000 120,000 1,020,000 10,000 Direct Material Cost 1,309,000 Direct Labor Cost 260,000 840,000 FOM cost 1,204,000 1,470,000 Job 101 was started on February 1 and completed on February 25. The company's cost records show the following information concerning the job. Sewing Direct labor hours 60 Cutting 220 170 Machine hours 940 40 Material used 580 664 Direct labor cost 1,360 At the end of the year, the records of the company show the actual cost and data for all jobs worked during the year. Sewing Cutting Direct labor hours 20,000 124,000 Machine hours 130,000 18,000 Direct Material Cost 860,000 Direct Labor Cost 1,360,000 216,000 FOH cost 872,000 1, 140,000 1,500,000a. Direct methou b. Step method c. Reciprocal method Problem 21: Service Cost Allocation Randy Corp has three service departments and two producing departments. The following information are available for year 2030: Cost Services used by 70,000 Personnel Maintenance Security Personnel Assembly Finishing 30,000 10% 30% 30% 40% 20% Maintenance 10,000 10% 30% 30% Security 5% 25% 50% 20% Assembly 500,000 Finishing 200,000 The producing department uses direct labor hours with 20,000 for assembly and 30,000 for finishing in determining the factory overhead rate. Required: Determine the factory overhead rate using a. Direct method b. Step method Problem 22: Service Cost Allocation vides services to P1 and P2 has prepared its total budget2. Compute the 3. Compute the spending and ing Problem 15 Factory Overhead Variance The following are the available data of Anton Corp. for year 2025: Company A Budgeted Fixed Overhead Budgeted Variable Overhead P3,132,000 Budgeted Labor hours P6,156,000 D Actual labor hours 1,080,000 Required: I Actual Fixed Overhead 1,042,200 capacity of Actual Variable Overhead 3,132,000 5,740,920 Problem 1 Required: Compute the following: Irish Corp 1. Total amount of over-under applied factory overhead producing 2. Total amount of spending variance 3. Total amount of idle capacity variance 282
